I have listened to many gold "experts" who have said that when
the market falls, gold miners will hold up because of their
correlation to the price of gold. However. . . not only has
gold had a major correction (calling into question part of their
thesis) but even when gold held up early on in late July, the gold
miners nevertheless crashed like all other stocks. I think if
the market craps out for its bottom (1050 or below) gold miners
will fall with everything else. Then will be the time of
truth. Will they start their dramatic rise, or not?
Time will tell. For now, I would wait to see what the market
does. Let it fall if it will, and then you can pick up the
gold pieces. IMHO
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gdx comment please
Posted by qwich34 on 29th of Sep 2011 at 11:19 am
anybody
GDX
Posted by billnew52 on 29th of Sep 2011 at 12:43 pm
I have listened to many gold "experts" who have said that when the market falls, gold miners will hold up because of their correlation to the price of gold. However. . . not only has gold had a major correction (calling into question part of their thesis) but even when gold held up early on in late July, the gold miners nevertheless crashed like all other stocks. I think if the market craps out for its bottom (1050 or below) gold miners will fall with everything else. Then will be the time of truth. Will they start their dramatic rise, or not? Time will tell. For now, I would wait to see what the market does. Let it fall if it will, and then you can pick up the gold pieces. IMHO